What’s ahead for property in 2024? In today’s show I chat with Dr. Andrew Wilson who shares his expert analysis, highlighting which cities are poised for growth and which might hit a plateau. 

Together, we explore the various economic factors likely to influence our housing markets in the year ahead.

Takeaways • The property market is influenced by various economic factors. • Interest rates are expected to remain stable in the near future. • Affordability will be a key consideration for buyers in the year ahead. • Consumer confidence plays a crucial role in property market dynamics. • Melbourne's market is currently undervalued compared to other cities. • Migration continues to impact housing demand positively. • Brisbane, Adelaide, and Perth show strong growth potential. • Understanding the unique characteristics of each market is essential for investors.

Chapters 00:00 Forecasting the Housing Market for the New Year 00:30 Insights from Property Experts 00:58 Understanding Market Influences 01:36 2024 Property Market Overview 07:35 Economic Factors Influencing Property Markets 13:33 Regional Market Dynamics and Affordability 19:46 Melbourne's Unique Market Challenges 23:30 Forecasting the Future of Property Markets 28:26 Understanding Market Trends

 

Links and Resources:    Michael Yardney    Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us    Get a bundle of free reports and eBooks – www.PodcastBonus.com.au     Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. 

Shownotes plus more here: Property Forecasts, State by State from Dr. Andrew Wilson